Nordea Investment Management AB Increases Stock Holdings in Lam Research Corporation $LRCX

Key Points

• Nordea Investment Management AB has increased its stake in Lam Research Corporation by 34.1%, now holding approximately 10.59 million shares valued at $1.03 billion, making it the firm's 15th largest holding.
• Several hedge funds have also significantly increased their holdings in Lam Research, with Brighton Jones LLC raising its stake by 1,032.4% and others showing similar patterns of investment.
• Lam Research recently raised its quarterly dividend from $0.23 to $0.26 per share, reflecting a 0.7% yield and a payout ratio of 25%.

Nordea Investment Management AB lifted its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 34.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,594,574 shares of the semiconductor company's stock after buying an additional 2,692,189 shares during the quarter. Lam Research accounts for approximately 1.0% of Nordea Investment Management AB's holdings, making the stock its 15th largest holding. Nordea Investment Management AB owned about 0.83% of Lam Research worth $1,029,210,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of LRCX. Brighton Jones LLC increased its holdings in Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock worth $1,025,000 after purchasing an additional 12,936 shares during the last quarter. GAMMA Investing LLC increased its holdings in Lam Research by 21.5% during the 1st quarter. GAMMA Investing LLC now owns 29,408 shares of the semiconductor company's stock worth $2,138,000 after purchasing an additional 5,213 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Lam Research by 14.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 300,193 shares of the semiconductor company's stock worth $21,824,000 after purchasing an additional 36,825 shares during the last quarter. Insigneo Advisory Services LLC increased its holdings in Lam Research by 5.3% during the 1st quarter. Insigneo Advisory Services LLC now owns 6,213 shares of the semiconductor company's stock worth $452,000 after purchasing an additional 315 shares during the last quarter. Finally, Clarius Group LLC increased its holdings in Lam Research by 32.7% during the 1st quarter. Clarius Group LLC now owns 13,053 shares of the semiconductor company's stock worth $949,000 after purchasing an additional 3,219 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Lam Research

In related news, SVP Vahid Vahedi sold 52,190 shares of the business's stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the completion of the transaction, the senior vice president owned 251,047 shares in the company, valued at $34,870,428.30. The trade was a 17.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.31% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on LRCX shares. KeyCorp lifted their price objective on Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Mizuho set a $162.00 price objective on Lam Research and gave the stock an "outperform" rating in a report on Thursday. Barclays set a $83.00 price objective on Lam Research and gave the stock an "equal weight" rating in a report on Monday, July 28th. Cantor Fitzgerald lifted their target price on Lam Research from $155.00 to $170.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Hsbc Global Res upgraded Lam Research to a "hold" rating in a research report on Tuesday, September 30th. Twenty-three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $125.08.

Lam Research Price Performance

Shares of LRCX opened at $142.37 on Friday. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $153.70. The firm has a market cap of $179.53 billion, a price-to-earnings ratio of 34.22, a PEG ratio of 1.76 and a beta of 1.84. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The stock has a 50 day moving average of $118.26 and a 200-day moving average of $96.30.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The business's revenue for the quarter was up 33.6% compared to the same quarter last year. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. This is an increase from Lam Research's previous quarterly dividend of $0.23. Lam Research's payout ratio is presently 25.00%.

About Lam Research

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.

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